Why people recommend it
Profit First by Mike Michalowicz is a business and financial management book that advocates for prioritizing profitability over rapid enterprise expansion. On the podcast ChooseFI in the episode titled 093R | Other Mountains to Climb | With Joe Saul-Sehy from Stacking Benjamins, which aired on June 2, 2023, guest Joe Saul-Sehy discussed business strategies with the host. During the conversation, Joe Saul-Sehy recommended the book Profit First to help a listener learn how to structure a business for profitability rather than just size. He described the book as a great primer that was published fairly recently, explaining its core premise. Instead of the traditional approach of growing a business simply to make it bigger, the book teaches entrepreneurs how to design their operations to be more profitable from the start so that the business successfully spins off more money for the owner. This recommendation serves as a valuable resource for business owners looking to shift their financial focus away from vanity metrics and toward actual cash flow and sustainable financial health, ensuring that their hard work translates directly into tangible monetary rewards and long-term stability rather than just increased overhead and larger scale operations.
Who recommended it
- Joe Saul-Sehy Recommended
Joe Saul-Sehy — 1 mention
“and there's a great book called profit first that is come out fairly recently just a few years ago that is a great primer on instead of growing a business to be bigger to grow a business to be more profitable so that it spins off more money”